Tupperware Brands Co. (NYSE:TUP) Given Average Rating of “Buy” by Brokerages

Shares of Tupperware Brands Co. (NYSE:TUP) have been given an average rating of “Buy” by the five brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.13.

A number of brokerages recently commented on TUP. DA Davidson boosted their target price on Tupperware Brands from $38.00 to $41.50 and gave the company a “buy” rating in a research report on Thursday, August 5th. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, August 10th.

Tupperware Brands stock traded down $1.41 during trading on Tuesday, reaching $21.77. The stock had a trading volume of 998,495 shares, compared to its average volume of 865,760. The stock has a market cap of $1.09 billion, a PE ratio of 8.44 and a beta of 2.87. Tupperware Brands has a 52-week low of $18.62 and a 52-week high of $38.59. The business has a 50 day moving average price of $22.52 and a 200 day moving average price of $24.73.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Tupperware Brands had a negative return on equity of 92.72% and a net margin of 7.25%. The company had revenue of $464.70 million for the quarter, compared to analyst estimates of $460.20 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts expect that Tupperware Brands will post 3.27 EPS for the current fiscal year.

Tupperware Brands declared that its Board of Directors has approved a share repurchase plan on Monday, June 21st that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 22.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TUP. Banque Cantonale Vaudoise bought a new position in Tupperware Brands during the 2nd quarter worth $32,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Tupperware Brands by 98.2% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,405 shares of the company’s stock worth $33,000 after purchasing an additional 696 shares during the period. Meeder Asset Management Inc. increased its position in shares of Tupperware Brands by 2,006.0% during the first quarter. Meeder Asset Management Inc. now owns 1,748 shares of the company’s stock valued at $46,000 after acquiring an additional 1,665 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Tupperware Brands by 214.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,990 shares of the company’s stock valued at $71,000 after buying an additional 2,040 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Tupperware Brands during the 2nd quarter valued at about $80,000.

About Tupperware Brands

Tupperware Brands Corp. operates as a direct-to-consumer marketer of products across multiple brands and categories. It operates through the following geographical segments: Europe, Asia Pacific, North America and South America. product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand, and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics and Nuvo brands.

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